Spencer Wan Blog of Saturday, 11 January 2025
Source: Eric Afatsao
In Ghana, Article 71 of the 1992 Constitution requires the Presidential Emoluments Committee to decide on the President and Vice President's pay. Although the present-day amounts are not usually made public, there are trustworthy estimates and publications that provide insight into their compensation.
The President's Pay
The president of Ghana receives an annual salary of about 934,800 Ghanaian cedis, or over $76,000, according to latest projections from 2024. However, this sum only covers the base pay; it excludes other benefits and allowances like housing, transport, security, and health insurance. These benefits considerably increase the President's overall compensation package.
Vice President's Salary
The Vice President's salary is generally set at a lower level compared to the President's but is still substantial. This figure aligns with comparable salaries of Cabinet Ministers, who in 2016 were reported to earn about 22,000 cedis monthly. Adjusting for inflation and subsequent salary reviews, the Vice President's earnings have likely increased over the years.
Allowances and Benefits
In addition to their salaries, both the President and Vice President enjoy a variety of allowances and benefits, including:
1.Housing: They are provided with official state residences for themselves and their families.
2. Transportation: They have access to official vehicles for their official and personal use.
3. Security: Both officials are entitled to 24/7 security personnel to ensure their safety.
4. Medical Care: Comprehensive healthcare is provided for them and their immediate families.
Retirement Benefits
After leaving office, the President and Vice President are entitled to generous retirement benefits. These include pensions, continuous security provisions, official vehicles, healthcare coverage, and sometimes even accommodation. These benefits are determined by the Emoluments Committee and remain a subject of public interest and debate.
While these salaries and benefits are considered high by Ghanaian standards, they are often a source of public debate, especially in light of economic challenges, public sector wage disparities, and calls for greater transparency and accountability in government spending.
Source links : https://www.ghanaweb.com/blogs/rocky55/Check-out-The-monthly-salary-of-Ghana-s-vice-president-including-other-benefits-and-allowances-5757